FWDI vs. BMNR
FWDI (Forward Industries, Inc) and BMNR (BitMine Immersion Technologies, Inc.) are both stocks. FWDI operates in Footwear & Accessories (Consumer Cyclical), while BMNR operates in Capital Markets (Financial Services). Over the past year, FWDI returned -66.80% vs -45.44% for BMNR. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
FWDI vs. BMNR - Performance Comparison
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Returns By Period
In the year-to-date period, FWDI achieves a -39.03% return, which is significantly lower than BMNR's -36.35% return.
FWDI
- 1D
- -2.07%
- 1M
- -16.22%
- 6M
- -37.90%
- YTD
- -39.03%
- 1Y
- -66.80%
- 3Y*
- -22.95%
- 5Y*
- -31.23%
- 10Y*
- -12.32%
- ALL TIME*
- -5.02%
BMNR
- 1D
- -4.42%
- 1M
- 20.33%
- 6M
- -31.16%
- YTD
- -36.35%
- 1Y
- -45.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 112.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $649.87M | $588.80M | $654.98M | |
| $3.72M | $4.44M | $5.53M |
FWDI vs. BMNR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FWDI Forward Industries, Inc | -39.03% | 6.79% |
BMNR BitMine Immersion Technologies, Inc. | -36.35% | 274.59% |
Correlation
The correlation between FWDI and BMNR is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.51 |
The correlation between FWDI and BMNR has been stable across timeframes, ranging from 0.51 to 0.55 - a consistent structural relationship.
Fundamentals
FWDI:
$297.23M
BMNR:
$9.84B
FWDI:
-$15.44
BMNR:
-$22.73
FWDI:
6.30
BMNR:
108.77
FWDI:
0.69
BMNR:
0.82
FWDI:
$42.85M
BMNR:
$61.19M
FWDI:
$29.79M
BMNR:
$51.09M
FWDI:
-$439.96M
BMNR:
-$3.61B
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Return for Risk
FWDI vs. BMNR — Risk / Return Rank
FWDI
BMNR
FWDI vs. BMNR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Forward Industries, Inc (FWDI) and BitMine Immersion Technologies, Inc. (BMNR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FWDI | BMNR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.97 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.64 | -0.10 |
| Martin ratioReturn relative to average drawdown | -0.89 | -0.90 | +0.01 |
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Drawdowns
FWDI vs. BMNR - Drawdown Comparison
The maximum FWDI drawdown since its inception was -98.85%, which is greater than BMNR's maximum drawdown of -90.14%. Use the drawdown chart below to compare losses from any high point for FWDI and BMNR.
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Drawdown Indicators
| FWDI | BMNR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.85% | -90.14% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -90.92% | -78.94% | -11.98% |
Max Drawdown (3Y)Largest decline over 3 years | -90.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -90.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -93.24% | — | — |
Current DrawdownCurrent decline from peak | -98.60% | -87.20% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -82.31% | -72.84% | -9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 75.16% | 55.66% | +19.50% |
Volatility
FWDI vs. BMNR - Volatility Comparison
Forward Industries, Inc (FWDI) and BitMine Immersion Technologies, Inc. (BMNR) have volatilities of 24.75% and 25.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWDI | BMNR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.75% | 25.80% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 64.87% | 59.75% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 123.08% | 99.30% | +23.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.83% | 669.63% | -582.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.32% | 669.63% | -579.31% |
Dividends
FWDI vs. BMNR - Dividend Comparison
FWDI has not paid dividends to shareholders, while BMNR's dividend yield for the trailing twelve months is around 0.06%.
| Position | TTM | 2025 |
|---|---|---|
BMNR BitMine Immersion Technologies, Inc. | 0.06% | 0.04% |
FWDI Forward Industries, Inc | 0.00% | 0.00% |
Financials
FWDI vs. BMNR - Financials Comparison
This section allows you to compare key financial metrics between Forward Industries, Inc and BitMine Immersion Technologies, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
FWDI and BMNR have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMNR has higher volatility (25.80%) compared to FWDI (24.75%). In terms of maximum drawdown, FWDI dropped -98.85% vs BMNR's -90.14%.
BMNR currently has the higher Sharpe Ratio (-0.51 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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